Ahmedabad Investment：The founder of Alipay in India launched AI ／ electric vehicle -related investment funds
2023-10-24 05:41:55 Author: Yao Liwei
According to Bloomberg, Vijay Shekhar Sharma, the founder of Alipay Paytm, launched an investment fund "VSS Investments Fund", which was the initial scale of 200 million rupees (about 17.62 million yuan)Ahmedabad Investment. The size of the green shoes was 100 million rupees, with a total scale of 300 million.The Rsigaria (about 26.43 million yuan).The fund is sponsored by SHARMA -owned and controlled entities VSS Investco.Other external investors will also participate in the fund and be actively managed by professional investment managers.The new fund will invest in AI and electric vehicle -related startups. These startups hatch in India to serve Indian consumers and enterprises.
Sharma said: "India’s entrepreneurial ecosystem has some of the smartest entrepreneurs in the world, and we have the potential to become a strong country with advanced technology and artificial intelligence -driven innovation … The launch of the fund continues my belief in supporting young people and young people."The various follow -up investment of Sharma’s start -up investment in the field of consumption and B2B technology will also come from the fund.He is an angel investor who has included companies such as Ola Electric, Josh Talks, MESA SCHOOL, Unnati, Kawa Space, PRAAN, Goqii, Kwh Bikes, Daalchini and Treebo Hotels.Hyderabad Stocks
Paytm is one of the leading digital payment platforms in India. It has developed rapidly since its establishment in 2010 and provided more than 250 million users.With the popularization of the mobile Internet and the development of e -commerce, Paytm is transforming into a fintech company to provide more financial services and products.
It is worth mentioning that in August this year, Paytm announced that it had completed financing of more than $ 1 billion (about 7 billion rupees).This fund will be mainly used to expand business scope and develop new technologies.This is also one of the largest financing of Indian startups.
According to the data, as of the end of June 2020, Paytm’s market value has exceeded 100 billion rupees (about 750 billion yuan), becoming India’s third largest digital payment platform.And Sharma is also known in the Indian business community because of Paytm’s success.
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